What is the cause of market failure?
There is a lack of resource investment aimed at building an enterprise culture amongst hard-to-reach and more deprived and dispersed communities in North Warwickshire Low level of small workspace development and investment in former coal mining areas has continued the economic decline and low aspirations of these deprived communities. Many potential small business premises in the Borough are derelict or in poor condition making them inappropriate to modern needs and unattractive to private sector investors. Rural and heritage tourism has the potential to make a significant contribution to the local economy yet growth is being hindered by the short supply of appropriate facilities and premises. Too many people commute outside of North Warwickshire for work – for example, the DTZ Pieda Rural Business Innovation Demand Study 2005 indicated that around 4800 people commute into Birmingham each day double the corresponding volume of people who commute in the opposite direction. North Warwick
